* The structure shall be completed when the Electricity System Operator EAD (ESO EAD) shares be transferred from NEK EAD to BEH EAD.

Bulgarian Energy Holding EAD (BEH EAD) was incorporated on 18.09.2008 with Minister of Economy and Energy Decision, after renaming Bulgargaz Holding EAD.

BEH EAD subject of activity is acquisition, management, assessment and sale of participations in trading companies, carrying out business activity in the fields of generation, production, transmission, transit, storage, management, distribution, sale and/or purchase of natural gas, electricity, thermal power, coals, as well as any other type of energy and raw materials for the production.

BEH EAD is a shareholding company with 100% state owned participation. The Holding includes Mini Maritsa Iztok EAD, Maritsa East 2 TPP EAD, Kozloduy NPP EAD, NEK EAD, Electricity System Operator EAD, Bulgargaz EAD, Bulgartransgaz EAD and Bulgartel EAD.

All companies, brought together in the holding structure, preserve their operational independence and licenses, as they are all owned and directly subordinated to the corporate centre BEH EAD.

Bulgarian Energy Holding EAD is one of the largest companies in the region, and national energy leader, whose assets, at present, amount to BGN 10.7 billion, group total revenue for the nine months of 2009 amount to BGN 3.6 billion, the number of employees sums up at some 22 thousand people.